Seven systems transformations for benchmarking companies on the SDGs
Back in 2019 WBA published its first report ‘Measuring what matters the most’ explaining how we identified seven systems transformations that offer a strategic framework to develop benchmarks and identify 2,000 keystone companies (SDG2000) that are vital to achieving the SDGs.
You can now download the updated 2021 report which defines the seven systems transformations as response to today’s societal and planetary needs in a post-pandemic context.
2020 should have kick-started the Decade of Action on the United Nations’ Sustainable Development Goals (SDGs) but was derailed by COVID-19 almost before the year had started. The world is experiencing one of the largest public health crises in a century, causing severe shocks to economic, social and health systems across the globe.
The pandemic ignited social expectations of business taking greater responsibility for people and the planet. However, we need more transparency, clarity, leadership and accountability for business to positively impact people and the planet.
The World Benchmarking Alliance (WBA) is uniquely poised to meet this need with our work focused on driving the systemic transformation necessary to achieve the SDGs. Our benchmarks act as roadmaps for companies and industries to improve their performance and provide evidence that informs and enables dialogue. They reveal the failures and successes of business, providing clarity for businesses navigating the transformation journey and accountability along the way.
Evolving towards a nature and biodiversity transformation
In 2021, WBA identified a need to expand the scope of the circular transformation to cover nature and biodiversity too, as a recognition of the need for greater understanding, transparency and scrutiny of business impact on our environment.
The nature and biodiversity transformation will examine how the impacts of business contribute to stable and resilient ecosystems which enable humanity and nature to co-exist within planetary boundaries on biodiversity, climate, land, oceans and water.
The future benchmark assessments will measure and track corporate performance towards a nature-positive future by measuring how companies are reducing their impact and even regenerating ecosystems.
Today we are setting the first milestone introducing the nature and biodiversity transformation in WBA’s seven system transformations. We aim to publish a nature methodology report by the end of 2021 which will define the sectors that will be assessed in our future Nature Benchmark.
It takes a system to change the system. We welcome you to be part of the transformative change the world needs to see